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Housing Today
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Chancellor will reportedly unveil 10-year social housing rent settlement in Autumn Budget
The Financial Times has reported that the chancellor is planning to introduce a rent settlement of CPI + 1% for the next decade
The chancellor Rachel Reeves is planning to introduce a 10-year rent settlement in the Autumn Budget on 30 October, according to a report in the Financial Times (FT).
The settlement would reportedly allow social landlords to raise rents annually by the Consumer Prices Index (CPI) - currently 2.2%-, plus an additional 1%, each year for the next decade.
The current rent settlement is set at CPI + 1%, but expires in 2026 and affordbale housing sector bodies have been calling for a new, long-term settlement.
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